“With demand for rare earth magnets accelerating, it is imperative that we find viable economic solutions to reclaim end of life magnets."
Mkango has launched the Innovate UK grant funded project, “Rare-Earth Recycling for E-Machines” in which HyProMag is a partner.
Mkango Resources’ subsidiary, Maginito, has completed the acquisition of an initial 25% interest in HyProMag, that focuses on rare earth magnet recycling.
Mkango Resources sits in a unique position amongst its peers who are focused on bringing mines into production but struggling to secure funding to do so.
Mkango Resources has signed an investment term sheet and one year exclusivity agreement with a partner to enable rare earth magnet recycling.
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